ACH

Includes rules and regulations governing the ACH network as required by NACHA. Appendix eight of NACHA’s ACH Rules book provides the requirement for an annual audit of compliance with these rules. This review meets these annual audit requirements and entails an examination of ACH operations and includes all aspects related to sending and receiving ACH transactions. On a sample basis, we test record retention, acceptance of entries, prenotes, returns, notification of change (NOC), credit availability, account statement content, stop pays and unauthorized transactions.

All ACH audits will be performed by auditors carrying a professional certification for ACH auditing – Accredited ACH Professional (AAP), SWACHA ACH Certified Professional (SACP). At the conclusion of our work, we will issue a report that includes a rating to help management and the Board more clearly understand the bank’s compliance with the current year’s NACHA’s ACH Rules book.